With the cutoff two hours prior to the seeding meeting the penalty fees are a moot point. Is an error going to be found in that two hour window that wouldn't have been found prior? Doubtful. I have no problem with parents seeing the entries for their own club/kids but if you open up all the tournaments for all to see it will be a MAJOR headache for club directors with parents moving kids around to avoid competitors.
For the record, I'm not sure an official vote was taken but it seemed to be the consensus at the D-II meeting that if the bylaw change was passed at the state level requiring a penalty fee for late entries, that D-II would simply refund at least a portion of that fee back to the club paying it.